WORKWAYS
ActiveSummary
The computed 12-month bankruptcy probability of WORKWAYS is 6.3% (elevated). The 2024 annual accounts show negative equity (€-100k) and a net result of €-104k. Equity is shrinking by ~1204.5% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability36▼-2
Solvency25=
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
6.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 0.2% and cash: 0% of total assets, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-0.4%
Return on assets
-0.4%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year €-100k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
76 d late
2023
145 d late
2022
66 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-104k
2023 · €8k
Working capital
€23.70M▲ 9.6%
2023 · €21.62M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€-2k-€-5k▼ 190%€-2k▲ 60.5%
Net result€-14k-€8k€-104k
Equity€-4k-€4k€-100k
Total assets€16.76M-€21.74M▲ 29.7%€23.82M▲ 9.6%
Debt€16.76M-€21.74M▲ 29.7%€23.92M▲ 10.1%
Working capital€16.64M-€21.62M▲ 30.0%€23.70M▲ 9.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €5k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €23.82M
Fixed assets
€60k =
Current assets
€23.76M ▲ 9.6%
Key figures and ratios
Solvency
-0.4%▼
2023 · 0.0%
ROA
-0.4%▼
2023 · 0.0%
Debt ≤ 1 year
€57k▲
2023 · €56k
Debt > 1 year
€22.89M▲
2023 · €21.13M
A ratio outside any meaningful range has been withheld (balance sheet total €23.82M, equity €-100k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €507 | €384 | €968 | ▲ 152% |
| Gross operating margin9900 | €-1k | €-4k | €-919 | ▲ 79.1% |
| Operating profit (loss)9901 | €-2k | €-5k | €-2k | ▲ 60.5% |
| Financial income75/76B | €273k | €284k | €318k | ▲ 11.9% |
| Recurring financial income75 | €273k | €284k | €318k | ▲ 11.9% |
| Financial charges65/66B | €285k | €271k | €420k | ▲ 54.9% |
| Recurring financial charges65 | €285k | €271k | €420k | ▲ 54.9% |
| Profit (loss) for the period before taxes9903 | €-14k | €8k | €-104k | ▼ 1,417% |
| Profit (loss) for the period9904 | €-14k | €8k | €-104k | ▼ 1,417% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €8k | €-104k | ▼ 1,417% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €16.76M | €21.74M | €23.82M | ▲ 9.6% |
| Fixed assets21/28 | €62k | €60k | €60k | = |
| Financial fixed assets28 | €62k | €60k | €60k | = |
| Current assets29/58 | €16.70M | €21.68M | €23.76M | ▲ 9.6% |
| Amounts receivable after more than one year29 | €16.42M | €21.12M | €22.89M | ▲ 8.4% |
| Other amounts receivable291 | €16.42M | €21.12M | €22.89M | ▲ 8.4% |
| Amounts receivable within one year40/41 | - | - | €122 | - |
| Other amounts receivable41 | - | - | €122 | - |
| Cash at bank and in hand54/58 | €6k | €2k | €2k | ▼ 15.8% |
| Deferred charges and accrued income490/1 | €273k | €557k | €874k | ▲ 57.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €16.76M | €21.74M | €23.82M | ▲ 9.6% |
| Equity10/15 | €-4k | €4k | €-100k | ▼ 2,661% |
| Contributions10/11 | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-14k | €-6k | €-110k | ▼ 1,716% |
| Amounts payable17/49 | €16.76M | €21.74M | €23.92M | ▲ 10.1% |
| Amounts payable after more than one year17 | €16.42M | €21.13M | €22.89M | ▲ 8.4% |
| Other amounts payable178/9 | €16.42M | €21.13M | €22.89M | ▲ 8.4% |
| Amounts payable within one year42/48 | €62k | €56k | €57k | ▲ 1.7% |
| Trade debts44 | - | - | €967 | - |
| Suppliers440/4 | - | - | €967 | - |
| Other amounts payable47/48 | €62k | €56k | €56k | = |
| Accrued charges and deferred income492/3 | €285k | €555k | €975k | ▲ 75.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €8k | €-104k | ▼ 1,417% |
| Operating cash flow (approximation) | €-14k | €8k | €-104k | ▼ 1,417% |
| Investment in fixed assets (approximation) | - | €1k | €0 | ▼ 100% |
| Change in cash | - | €-4k | €-283 | ▲ 93.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 76 days late
2024
31-12
Financial
Weakest financial yearnet €-104k
Net result drops to €-104k, the lowest in the series.
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 145 days late
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 66 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2021
Ground area
853 m²
Building footprint
722 m²
Volume, LiDAR
13,284 m³
2 parcels, Brussels · tallest building 39.2 m, ±6 floors. Linked by address, not a title deed.
67
companies at this address
See who is registered here
1 establishment unit
Louizalaan 401, 1050 Elsene
since 20212.331.588.010
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0210/00Z002 | Brussels | 482 m² | 1 · 470 m² | 39.2 m · 4 fl. |
| 21016B0215/00Y002 | Brussels | 370 m² | 1 · 252 m² | 20.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded28-12-2021
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.